As a CPA you are in charge of a small tax advisory firm providing services to individual taxpayers, a substantial group of whom is high-wealth. Your firm is experiencing new pressures from the changing marketplace. New, non-CPA market competitors and competition from do-it-yourself tax-preparation software packages have had a negative effect on your bottom line. Because of these pressures, you are looking at ways to reduce costs. To expand your business and continue successfully you must consider employing non-CPAs.

Write a 700- to 1,050-word paper explaining economic issues that bring concern to pricing your services and products. What ethical challenges will you face in hiring non-CPAs? What standards apply?

Format the paper consistent with APA guidelines.

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ACC 557 Week 6 DQ 2

Are ethics important to the accounting profession? Explain your answer.

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ACC 557 Week 6 DQ 1

If, as an accountant, you had the option of working with only one of the boards, FASB, GASB, or IASB, which one would you choose? Explain your reasons.

Resources: This week’s Electronic Reserve Readings

Agree to your Week 5 Learning Team Charter

Conduct additional research, and then answer each question in two 350- to 700-word responses:

Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?

Dow Corning Bankruptcy: What were the business’ ethical challenges involved in filing bankruptcy for Dow Corning? Analyze the actions of the two parent companies, Dow and Corning, that represent the largest ethical issues.

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ACC 557 Week 4 DQ 2

Distinguish between ethical and unethical behavior in a bankruptcy setting.

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ACC 557 Week 4 DQ 1

Explain ethical challenges an accountant could face in recognizing revenue for a firm. How could these challenges be addressed?

Adverse financial situations occurring throughout the 20th century led to government legislative interventions regarding corporate financial accounting on several occasions.

Resource: Cost Management

Read the following case studies from the text:

“Level of Executive Pay Case Study” on pp. 605-607 (Ch. 15).

Write a 700- to 1,400-word paper, analyzing the ethical challenges as well as any agency issues. In the same paper, explain how the 1933, 1934, and SOX Acts were reactions to financial crises arising from similar challenges.

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ACC 557 Week 3 DQ 2

Explain what ethical issues SOX has helped with and where improvement is still necessary.

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ACC 557 Week 3 DQ 1

Explain several ethical challenges one could incur when measuring performance within an organization.